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中文(ZH) 中信证券下半年投资策略:农产品周期蓄势向上,关注细分赛道景气变化

CITIC Securities forecasts agricultural commodity price rise, hog cycle upturn

CITIC Securities has released its investment strategy for the second half of the year, identifying agricultural products as a key area for growth. The firm anticipates a rise in prices for major agricultural commodities like corn and soybeans, driven by factors such as international conflicts and climate concerns, which underscore the importance of food security. The report also forecasts a potential cyclical upturn for the hog industry in 2027, following a period of deep losses and capacity reduction, and notes a weak recovery in the poultry sector. AI

RANK_REASON Investment strategy report from a financial institution.

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  1. 36氪 (36Kr) TIER_1 中文(ZH) ·

    CITIC Securities Second Half Investment Strategy: Agricultural Product Cycle Accumulating Upward Momentum, Focusing on Changes in Prosperity of Segmented Tracks

    36氪获悉,中信证券发布2026年下半年投资策略称,2026年为大宗农产品价格磨底、蓄势向上的元年。其中,在国际冲突、气候扰动下,种植链玉米、大豆等价格先行上涨,粮食安全属性凸显。生猪仍处深亏阶段,亏损+政策去产能持续下,2027年周期景气可期。肉禽产业链关注海外引种、消费等边际变化,目前处于弱复苏中。后周期动保略有承压,饲料龙头强者恒强,加大出海布局。其余细分赛道中,宠物经营低点或已过,关注后续外销&国内改善情况。代糖景气高位,且大单品阿洛酮糖落地。菌菇景气高位,关注后续大单品等扩容。整体来看,建议布局五条主线。1.左侧布局生猪周期反转。2.推荐经营稳…